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Turn key 50years + Billiard, Pizza & Bar Restaurant and entertainment

North Providence, RI

Seller Financing Available

Asking Price:$250,000
Gross Revenue:$250,000
Rent:$4,500/Month
Established Year:1979
Cash Flow:$100,000
Inventory:$100,000
FF&E:$250,000
Listing ID: 2280883Listing provided by BizBuySell
BUSINESS DESCRIPTION

ribbb.com will say it all

check out our award winning billiard club with 2 full bars, entertainment license for your favorite band and full service restaurant. This is not a business it is an entertainment mecca. people have come from all over the country to experience the wonder of it all.
After 4 generations in business 2 at this location the Present owner is getting older and adult children are not interested in the restaurant biz.
This business is ripe for a skilled pool player or an entertainment professional to take the leads.
Everything is in place and there is room to grow the business in the region.
With the pizza oven, liquor license and the entertainment license the smart Entrepreneurial young person could make bank again in this up and coming area.
The amusement license is being under utilized with just a few games.
Changes could be mad to include indoor Corn hole tournaments.
Increase the pizza sales by utilizing some of the reseller mobile apps

DETAILED INFORMATION
Location
North Providence, RI
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,500
Lease Expiration
30/09/2030
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Walk-In Micro Matic Glycol DraftBeerChilling System Tower w/12taps Main Office POSitouch System w/ 3Servers,3Bay Sink 2 Beer, 1Draft Tower with 12taps 1 hand sink 14Tele(Vizio, Samsung) 35stools iron w/ backs, 15AsstSized glass Pub Tables, 6Dining Tables 24wood Chairs 4Speakers 12Hanging Pendent +Track Lighting 8fthood+Ansul System 1 flat top grill 1 6ft pizza/sand prep PitcoGas Fryer Stains 1North American, 3Upright Freezer, 2BevAir 2 door glass refr, 1Blodget Pizza , Vulcan 4Burner Stove Top / Oven 2Manitowic Ice Glassware ask for detailed list
Competition
This billiard bar and bistro is located in a high-traffic area with good visibility, making it easily accessible for customers. Its prime location state road ensures a steady flow of potential patrons, while its close proximity to several colleges attracts a vibrant student population. This combination of factors positions this billiard bar and bistro for success in a bustling and dynamic environment
Growth & Expansion
Expanding operating hours and number of days open presently only five can attract a broader cust base, particularly by introducing lunch service. Specail events, Catering services to reach new customers, more on premise management, staff Present ownership is poised for retirement. We do not have bands or entertainment as owner is not interested at this time business is only open 5 nights 40 hours per week Business is meeting minimum demands to hit the numbers and nothing else. Owner is 63 and a new younger owner could double the sales in 2 years.
Financing
possible owner financing with 40% up front @8% LIQUOR LISC is inc Class BV1 Ful
Support & Training
1-2 months of daytime instruction 10-20 hours per week 2 Beautiful bars must stay in place for 5 years All pool tables, most games, restaurant equipment tables chairs memorabilia are the property of the new owner Juke box and 5 games are by vendor and not part of the sale
Reason for Selling
Owner wants to retire. 63 Years old, have too many operational assets.
Home-Based
This business is Home-Based
BUSINESS LOCATION
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Anthony Costanzo
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Anthony Costanzo
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